HK Police seize 8.2 mln suspected cocaine, cannabis buds

HONG KONG, Oct. 31 (Xinhua) -- Hong Kong Police Saturday announced that about 11 kilogram of suspected cocaine and four kilograms of suspected cannabis buds with an estimated market value of about 8.2 million HK dollars (about 1.06 million U.S. dollars) were seized on Friday.

Following extensive investigation into information that a drug trafficking syndicate would traffic in drugs to Hong Kong, Narcotics Bureau (NB) officers subsequently identified a storage company in Cheung Sha Wan, which was believed to have been used for drug storage.

At about 6 p.m. on Oct. 30., NB officers arrested two men, aged 19 and 31, onboard a private car in Wing Hong Street. A subsequent search on a storage company in an industrial building on the same street resulted in the seizure of the suspected cocaine and suspected cannabis buds. About 120,000 HK dollars (about 15,000 U.S. dollars) in cash was also seized in the 31-year-old man's possession.

Initial investigation revealed that the traffickers had stored the drugs in the storage company. Police believed the seizure could fetch about 8.2 million HK dollars (about 1.06 million U.S. dollars) if sold in the local retail market.